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Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.

Ferrari team van from new Rush movie heads to auction

For petrolheads, it's one of the mostly hotly anticipated films of 2013. It's called Rush and it documents the intense rivalry between James Hunt and Niki Lauda during the famous 1976 Formula One season. A couple of years ago, an Austin A35 van formerly owned by James Hunt was sold at auction.

Cadillac CUE infotainment system to arrive in 2012

Cadillac has lagged the industry in infotainment, but that will change next year. While Ford has touted MyFord Touch, and the imports various infotainment systems, General Motors spent the past 30 months developing CUE, short for Cadillac User Experience. The infotainment system's simplicity might remind users of an iPod Touch screen.